Portfolio 1 Topic 1 - Introduction to Cost Accounting/ Cost Terms, Concepts, and Cost Classifications 1. Classify the following costs for an auto manufacturer - direct materials, direct labor, manufacturing overhead, or period costs. Identify whether the cost is fixed or variable. Product Cost Direct Materials Direct Labor Manufacturing Overhead Period Cost Fixed/ Variable V a. Steel used in automobiles b. Assembly department employee wages c. Utility costs used in executive building d. Travel costs used by sales personnel e. Cost of shipping goods to customers f. Property taxes on assembly plant g. Glass used in automobiles h. Maintenance supplies i. Depreciation on assembly plant 1. Plant manager's salary k. Transportation cost of raw material for manufacturing 1. Depreciation on executive building m. Salary of marketing executive n. Tires installed on automobiles 0. Advertising